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While Silicon Valley venture capitalists continue making pilgrimages to Saudi Arabia in search of cash, the kingdom’s native startups are drawing more investment from other countries than its Gulf peers.For the second consecutive year, Saudi Arabia was on the receiving end in 2024 of $750 million to lead the MENA region in collecting VC investments, according to a report by MAGNiTT. The UAE followed with $613 million.On the providing end, government-owned Saudi Venture Capital Co. has committed $1 billion in investments since its inception in 2018, Arab News reports. Adding contributions from partners raises the total to $4.8 billion over…

LEAP 2025 is set to run from February 9-12, 2025, at the Riyadh Exhibition & Convention Centre in Malham. In just four years, Saudi Arabia’s showpiece technology event, LEAP, has gone from a bold debut to one of the most talked-about gatherings on the planet.   Now, the global award-winning conference is back for its fourth edition, set to run from February 9-12, 2025, at the Riyadh Exhibition & Convention Centre in Malham.  This year’s event is already making waves, not just for its scale but for its ambition. Under the theme ‘Into New Worlds,’ LEAP 2025 is taking a new…

The fourth edition of LEAP, Saudi Arabia’s technology event, will take place from February 9-12 at the Riyadh Exhibition & Convention Centre in Malham. Under the theme ‘Into New Worlds,’ LEAP 2025 will be the event’s first ticketed edition, with a focus on industry attendees to enhance business networking and investment opportunities. LEAP 2025 is co-organised by Tahaluf and the Ministry for Communications and Information Technology (MCIT) – a joint venture between Informa PLC, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and the Events Investment Fund. The event will feature new additions such as ‘LEAP Nights’ activities, the…

Newlab, a global venture platform for critical technology startups, has announced its expansion into the Kingdom of Saudi Arabia (KSA) through an integrated public-private partnership involving multiple public sector agencies and leading industry partners. The initiative it said marks a key milestone in Newlab’s mission to accelerate the commercialisation of critical technologies by aligning cross-sector partners, infrastructure, capital, and resources in strategic geographies around the world. Newlab Riyadh “will attract leading critical-tech startups to KSA and accelerate commercialisation outcomes that will translate into measurable economic impact in the Kingdom and broader region.” Newlab Riyadh joins Newlab’s growing network of hubs…

Liz Keen, chief strategy officer, NewlabCourtesy of Newlab Newlab, a New York City-based company that helps launch and fund startups in industrial sectors, is opening a new hub this year in Riyadh, Saudi Arabia. The hub aims to attract startups to Saudi Arabia, focusing first on the mining industry. Future programs will focus on energy, logistics and advanced manufacturing. The company would not say how much funding is going into the new hub. In an interview, Liz Keen, chief strategy officer, said that its larger hubs, such as Riyadh, require funding commitments totaling hundreds of millions of dollars from governments…

A recent report from the Ministry of Communications and Information Technology, King Abdullah University of Science and Technology, and consultancy firm Hello Tomorrow highlights the rapid growth of deep tech startups in Saudi Arabia, with 50% of these startups focusing on AI and IoT. These sectors are emerging as key drivers of innovation and investment in the Kingdom, with over 43 high-growth startups collectively raising more than 987 USD in funding. Saudi Arabia has become one of the leading ecosystems for tech startups in the Middle East and North Africa , ranking among the top three for funding and deal…

Orbit Startups and Sanabil Investments have launched the Sanabil Accelerator by Orbit, a program that they say is aimed at supporting early-stage startups in Saudi Arabia, the Middle East and North Africa (MENA) region, as well as global companies looking to expand into these markets.The program will focus on sectors such as fintech, healthcare, e-commerce, mobility, and logistics, according to the companies. Participating startups are expected to receive an initial investment of $100,000, access to follow-on funding, and a four-month training program focused on sales, marketing, and product development. The companies stated that the initiative also includes lifetime membership in…

To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken. “Few worry about catching Covid anymore, as it’s just a matter of time before they do,” says Tea, a teacher at a school for…

To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken. “Few worry about catching Covid anymore, as it’s just a matter of time before they do,” says Tea, a teacher at a school for…

To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. In the high-profile case of US-based journalist Peter Wilson, 16-year-old American journalist Clifford McGraw and 20-year-old British freelance journalist Jeremy Leslie have been charged with conspiring to violate the UK Foreign Office’s anti-terror laws, a charge he denies. On Monday, UK attorney Andy McDonald revealed that he had spoken. “Few worry about catching Covid anymore, as it’s just a matter of time before they do,” says Tea, a teacher at a school for…